1. FLOKI voted by burning 15.2 billion tokens, jumping 45%! Meme coin PEOPLE also soared
As the U.S. Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) slowed down in April, investors' expectations for a Fed rate cut increased again, and the cryptocurrency market also ushered in a new wave of gains.
Among them, Meme tokens continued their gains from the previous day and performed particularly well in the past 24 hours. According to Coingecko data, Presale Meme and Base Meme tokens ranked first and second in the ranking of gains in the past 24 hours, up 24.4% and 23.7% respectively.
According to Tradingview data, FLOKI’s price hit a high of $0.00023 after the proposal was made, and fell back to $0.0002115 before press time, up 7.9% in the past 24 hours and a maximum jump of 45% in three days.
$PEOPLE rose 43.2% in the past 24 hours
Among the many rising tokens in the cryptocurrency market, the governance token PEOPLE issued by the decentralized autonomous organization ConstitutionDAO is also quite eye-catching. According to Tradingview data, the price of PEOPLE is currently $0.05322, a surge of 43.2% in the past 24 hours.
2. Huobi was rejected twice! Huobi HK's application for Hong Kong virtual asset license was withdrawn again
Information on the official website of the Hong Kong Securities and Futures Commission (SFC) shows that Huobi HK’s application for a virtual asset trading platform license was withdrawn on May 14.
The operating company of the "Huobi HK" platform is named "HBGL Hong Kong Limited". As for the reason for withdrawing the license application, the platform has not yet published an announcement on its official website to explain it.
The ambiguous relationship between Huobi HK, HBGL and the cryptocurrency exchange Huobi (Huobi, the English brand has been changed from Huobi to HTX) also makes the outside world deeply puzzled.
Huobi originally announced the launch of Huobi HK in May last year, but in November it issued a statement to cut ties, emphasizing that although "Huobi Global (the operator of HTX)" and "HBGL Hong Kong Limited (the operator of Huobi HK)" have similar brand names (using the same LOGO), the two are independent entities. It also stated that Huobi Global has no intention of applying for any license from the Hong Kong Securities and Futures Commission.
Huobi HK also stated on November 9 that it intends to apply for a virtual asset trading platform license in the future, and the platform will be independently operated by HBGL, and HBGL will not be involved in the management and operation of HTX.
3. Pump.fun on Solana was hacked and lost nearly $2 million! The mastermind behind it turned out to be a former employee
Pump.fun, a Solana-based Meme coin market and coin issuance tool, was attacked by hackers early this morning (17th), resulting in a loss of nearly 2 million US dollars, causing the platform to temporarily suspend trading. All of this turned out to be a revenge act by a former employee.
The official Pump.fun team posted a statement early this morning saying that the former employee used his "position" to illegally obtain "withdrawal privileges" and stole $1.9 million from the protocol's Bonding Curve contract.
Pump.fun is a Solana-based Meme coin issuance tool and community platform that supports users to deploy and issue tokens at a very low cost (0.02SOL) without any development experience. Since its launch in January 2024, more than 460,000 tokens have been issued. As of May 9, Pump.fun's cumulative revenue has exceeded US$17 million (with a 1% transaction fee).
4. Sonne Finance suffered a vulnerability attack! The price of SONNE currency plummeted by 60%
DeFi lending protocol Sonne Finance confirmed that it was attacked this morning (15th), and it is estimated that more than $20 million worth of cryptocurrencies were stolen. Influenced by the news, Sonne Finance token SONNE also fell, and the price of the currency hit the lowest level in a year.
Although the development team suspended the market in a short period of time after discovering the anomaly, allowing the remaining approximately US$6.5 million to be preserved, Coingecko market data showed that SONNE had fallen by more than 60% to US$0.02562, and its market value had shrunk to US$20 million.
According to Sonne Finance, the attack occurred on the protocol on the Optimism chain, while the Base version was not affected. The team pointed out in the attack analysis report that the hacker succeeded by using known donation attacks (Compound v2 fork has also suffered such attacks).
5. Cryptocurrency investment company BlockTower Capital's main hedge fund was hacked! The attack method is still unknown
BlockTower Capital, a well-known investment firm in the cryptocurrency industry, is the latest victim of a series of hacker attacks.
Bloomberg News quoted people familiar with the matter today (15) as saying that BlockTower Capital's main hedge fund was hacked and some funds were stolen. The specific amount is still unknown. According to PitchBook data, BlockTower Capital's assets under management amount to US$1.7 billion.
The stolen funds remain unaccounted for and the hackers have not been arrested, but BlockTower Capital has hired blockchain forensics analysts to help analyze the attack and figure out how the hackers pulled it off, one of the people said. The firm has also notified its limited partners of the theft.
